Freddie Mac Announces Automation Of Key Underwriting Criteria
GSE says verification of assets, income, and employment increases efficiency and reduces risk
GSE says verification of assets, income, and employment increases efficiency and reduces risk
Adjustable rate mortgages going up.
Freddie Mac officials say the volatility is causing purchase demand to wane.
Freddie Mac says survey shows 30-year fixed rate stands at 5.3%
Freddie Mac, CoreLogic economists say Fed efforts could affect mortgage rates
Weekly 30-year fixed rate was up about a quarter percentage point.
Kevin Palmer has held a variety of positions since joining the enterprise in 2001.
30-year fixed rate mortgage at 5.10%
New business activity, however, was down 43% YOY as refinance activity moderated.